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I'm hoping to find an excel spreadsheet already filled in with the forumulas for
basic financial planning. Not too many bells and whistles.
I would like to be able to put in my different retireent incomes, taxes,
expenses and see what happens when I change the numbers a little this way a little that way.
But I'm not good with forumula's in excel and I don't want to download a virus.
Maybe AARP or somewhere?
I feel a little stupid adding this but I see people say "run the numbers" a lot.
Exactly what numbers do you run and how?
I'm hoping to find an excel spreadsheet already filled in with the forumulas for
basic financial planning. Not too many bells and whistles.
I would like to be able to put in my different retireent incomes, taxes,
expenses and see what happens when I change the numbers a little this way a little that way.
But I'm not good with forumula's in excel and I don't want to download a virus.
Maybe AARP or somewhere?
I feel a little stupid adding this but I see people say "run the numbers" a lot.
Exactly what numbers do you run and how?
First one is a very simple one called Simple-Retirement-Planner-Spreadsheet
Second one I looked at Solutions Retirement Planner 2008
and the last one I looked at was call retirement-planning-spreadsheet. I would have attached them here but C-D wont let me. If you want you can send personal email to me in direct message and I will send or you can go to the site yourself and download.
When people are saying to "run the numbers" they mean that you need to figure out what income you will be receiving in retirement and what expenses you are going to have in retirement. Then you subtract the income from the expenses to see if you will have enough money to cover everything.
To figure out your income first you need to figure out at what age you are going to retire. Then you look at every source of income you will have: interest, dividends, social security, salary if you will be working, distributions from IRA/401(k) plans, etc.
Next you look at all of your expenses (i.e. groceries, utilities, rent/mortgage, insurance, etc.) and your expected expenses (for instance, if you know that in 5 years you will have to buy a car, you need to add that expense into your planning).
Here is a calculator that will help you: Client Portal | Calculators Page You can change the numbers to see how it changes the outcome.
I'm hoping to find an excel spreadsheet already filled in with the forumulas for
basic financial planning. Not too many bells and whistles.
I would like to be able to put in my different retireent incomes, taxes,
expenses and see what happens when I change the numbers a little this way a little that way.
But I'm not good with forumula's in excel and I don't want to download a virus.
Maybe AARP or somewhere?
I feel a little stupid adding this but I see people say "run the numbers" a lot.
Exactly what numbers do you run and how?
Hey Gisela,
You're not the only one with that question. I've just been too scared to ask
I'm hoping to find an excel spreadsheet already filled in with the forumulas for
basic financial planning. Not too many bells and whistles.
I would like to be able to put in my different retireent incomes, taxes,
expenses and see what happens when I change the numbers a little this way a little that way.
But I'm not good with forumula's in excel and I don't want to download a virus.
Maybe AARP or somewhere?
I feel a little stupid adding this but I see people say "run the numbers" a lot.
Exactly what numbers do you run and how?
If you are based in the US the best resource I've found is Personal Capital https://www.personalcapital.com/
Excellent tools and support.
Good luck!
I think using budgeting tools and just adjusting the income and spending for retirement is the way to go. I have two entirely different spreadsheets for current and retirement planning, but they are both the same budget spreadsheet template.
I am a Google user. By that I mean most of what I do as a I have an Android smart phone, use Gmail, Drive, Tracks, etc. So even though you are asking about Excel, I am going to suggest the Drive sheets as an alternative. Many of them are readily available as Excel also. Check out this article: 10 Money Management Tools Inside Google Drive You Should Use Today
I find it most helpful to start by entering all your current information so you can see where you are spending now and know what you are looking at adjusting. All sorts of stuff will fall through the cracks if you don't do an exercise with actuals first. It's easy to just plug in numbers that make the expenses meet the income if you don't have anything to compare it to.
Golfingduo thank you for that site but those didn't suit. I have looked at the some of the other recommendations, not all yet, but have looked around on my own too and not found 'the one'. I would prefer a downloadable one vs. on line where it seems you have to start over all the time.
My primary objective is trying to figure out what I'm going to have to live on. Minus federal state, county taxes, minus healthcare - things I can't change. I have to fit my lifestyle to that not the other way around. So why list all my expenses now etc?
I will have a small annuity, small national guard retirement and a small social security supplement till 62. The all seem to get taxed differently. Only 85% of soc security by the feds, etc. etc. etc. I want to see what I have before I figure out what I'm going to spend it on.
Patmil-I'm sorry but it looks like you have to "join" that site and I'm sick of having accounts everywhere, even if they are free.
Golfingduo thank you for that site but those didn't suit. I have looked at the some of the other recommendations, not all yet, but have looked around on my own too and not found 'the one'. I would prefer a downloadable one vs. on line where it seems you have to start over all the time.
My primary objective is trying to figure out what I'm going to have to live on. Minus federal state, county taxes, minus healthcare - things I can't change. I have to fit my lifestyle to that not the other way around. So why list all my expenses now etc?
I will have a small annuity, small national guard retirement and a small social security supplement till 62. The all seem to get taxed differently. Only 85% of soc security by the feds, etc. etc. etc. I want to see what I have before I figure out what I'm going to spend it on.
Patmil-I'm sorry but it looks like you have to "join" that site and I'm sick of having accounts everywhere, even if they are free.
If you are looking at seeing if what you have will work then try www.firecalc.com it isn't a downloadable but it does take all income and let you know if your numbers project out right. It has algorithms in it to account for retirement pensions and savings. It also will take in all sources of income and you can put in numbers that reflect your spending. Something to look at anyway. It don't require a log in or anything.
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